The Performance of Bulgarian Food Markets during Reform

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collection.link.5
https://openknowledge.worldbank.org/handle/10986/9
collection.name.5
Policy Research Working Papers
dc.contributor.author
Larson, Donald F.
dc.contributor.author
Sarris, Alexander
dc.date.accessioned
2012-03-19T19:09:29Z
dc.date.available
2012-03-19T19:09:29Z
dc.date.issued
2009-03-01
dc.date.lastModified
2017-12-14T05:37:49Z
dc.description.abstract
Food policy often depends on markets and markets depend on institutions. But how good do institutions have to be before reforms can be launched? Relying on well timed surveys of agricultural prices and a joint study by the Government of Bulgaria and the World Bank on agricultural market institutions, this paper presents evidence that performance in food markets improved following significant policy reforms in Bulgaria, although public institutions remained weak. This suggests that even though strong institutions are preferred to weak ones, it can be costly and impractical to delay policy reforms until work on strengthening institutions is finished. Still, measured performance varied by place and by commodity, suggesting that markets developed at different tempos and that the distribution of benefits from improved markets was uneven. This points to the need to address the costs of adjustment as policies change. The paper introduces a new approach to measure market performance based on composite-error techniques.
en
dc.identifier
http://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000158349_20090325084842
dc.identifier.uri
http://hdl.handle.net/10986/4071
dc.language
English
dc.relation.ispartofseries
Policy Research working paper ; no. WPS 4876
dc.rights
CC BY 3.0 IGO
dc.rights.holder
World Bank
dc.rights.uri
http://creativecommons.org/licenses/by/3.0/igo/
dc.subject
AGRICULTURAL COMMODITIES
dc.subject
AGRICULTURAL PRICE
dc.subject
AGRICULTURAL PRICES
dc.subject
AGRICULTURE
dc.subject
ANALYSIS OF VARIANCE
dc.subject
ARBITRAGE
dc.subject
AVERAGE PRICE
dc.subject
BANK LOAN
dc.subject
BANKING CRISES
dc.subject
BENCHMARK
dc.subject
COMPETITION POLICY
dc.subject
CONSUMERS
dc.subject
CONTRACT ENFORCEMENT
dc.subject
CREDIT MARKETS
dc.subject
DECENTRALIZATION
dc.subject
DECISION MAKING
dc.subject
DEVELOPING COUNTRIES
dc.subject
DEVELOPMENT POLICY
dc.subject
DEVELOPMENT STRATEGIES
dc.subject
DISPUTE RESOLUTION
dc.subject
DOMESTIC MARKET
dc.subject
DOMESTIC MARKETS
dc.subject
ECONOMETRICS
dc.subject
ECONOMIC PERFORMANCE
dc.subject
ECONOMIC POLICIES
dc.subject
EFFICIENT MARKETS
dc.subject
EMISSIONS
dc.subject
EQUILIBRIUM
dc.subject
EXCHANGE RATE
dc.subject
EXCISE TAXES
dc.subject
EXPECTED VALUE
dc.subject
FINANCE INFRASTRUCTURE
dc.subject
FREIGHT
dc.subject
FUEL
dc.subject
FUEL COSTS
dc.subject
FUEL SUBSIDIES
dc.subject
FUTURES
dc.subject
FUTURES MARKETS
dc.subject
GOVERNMENT INTERVENTIONS
dc.subject
IMPERFECT COMPETITION
dc.subject
INFLATION
dc.subject
INFLATION RATE
dc.subject
INFRASTRUCTURE INVESTMENT
dc.subject
INTEREST RATE
dc.subject
INTEREST RATES
dc.subject
INTERNATIONAL BANK
dc.subject
INTERNATIONAL DEVELOPMENT
dc.subject
INTERNATIONAL MARKET
dc.subject
INTERNATIONAL MARKETS
dc.subject
INVENTORY
dc.subject
INVESTMENT DECISIONS
dc.subject
INVESTMENT STRATEGY
dc.subject
LAND REFORM
dc.subject
LEGAL REFORM
dc.subject
LIQUID MARKETS
dc.subject
MACROECONOMIC STABILITY
dc.subject
MARKET DEVELOPMENT
dc.subject
MARKET EFFICIENCY
dc.subject
MARKET INTEGRATION
dc.subject
MARKET POWER
dc.subject
MARKET REFORM
dc.subject
MARKET REFORMS
dc.subject
MARKETING
dc.subject
MONOPOLIES
dc.subject
NATURAL MONOPOLIES
dc.subject
OPTIMIZATION
dc.subject
PASSENGER SERVICE
dc.subject
PASSENGER SERVICES
dc.subject
PETROLEUM PRICES
dc.subject
POLITICAL UNCERTAINTY
dc.subject
PRICE CHANGES
dc.subject
PRICE CONTROLS
dc.subject
PRICE LIBERALIZATION
dc.subject
PRICE MARGINS
dc.subject
PRICE RISK
dc.subject
PRICE VARIATION
dc.subject
PRIVATE INVESTMENTS
dc.subject
PRIVATE PROPERTY
dc.subject
PROPERTY RIGHTS
dc.subject
PUBLIC FINANCE
dc.subject
PUBLIC INVESTMENT
dc.subject
PUBLIC INVESTMENTS
dc.subject
RAIL
dc.subject
RAIL TRANSPORT
dc.subject
RAILROAD
dc.subject
RAILWAY
dc.subject
RAILWAYS
dc.subject
REGULATORY FRAMEWORKS
dc.subject
REGULATORY OVERSIGHT
dc.subject
RESERVES
dc.subject
RETAIL
dc.subject
RETAIL PRICES
dc.subject
RETURN
dc.subject
ROAD INFRASTRUCTURE
dc.subject
ROAD MAINTENANCE
dc.subject
ROAD SYSTEM
dc.subject
ROAD TRANSPORT
dc.subject
ROADS
dc.subject
ROUTES
dc.subject
RURAL FINANCE
dc.subject
SAFETY
dc.subject
SAFETY NETS
dc.subject
SALE
dc.subject
SALES
dc.subject
SECURITIES
dc.subject
SECURITIES EXCHANGES
dc.subject
SECURITIES MARKET
dc.subject
SUBSTITUTES
dc.subject
TAXES ON GASOLINE
dc.subject
TELECOMMUNICATIONS
dc.subject
THIRD MARKETS
dc.subject
TRADE REGIME
dc.subject
TRADING
dc.subject
TRADING PATTERNS
dc.subject
TRAFFIC
dc.subject
TRANSACTION
dc.subject
TRANSACTION COSTS
dc.subject
TRANSITION ECONOMIES
dc.subject
TRANSPORT
dc.subject
TRANSPORT COSTS
dc.subject
TRANSPORT MARKETS
dc.subject
TRANSPORT NETWORK
dc.subject
TRANSPORT POLICIES
dc.subject
TRANSPORT SERVICES
dc.subject
TRANSPORTATION
dc.subject
TRANSPORTATION INFRASTRUCTURE
dc.subject
TRUE
dc.subject
UNEMPLOYMENT
dc.subject
WAREHOUSE
dc.subject
WAREHOUSE RECEIPTS
dc.title
The Performance of Bulgarian Food Markets during Reform
en
okr.doctype
Publications & Research :: Policy Research Working Paper
okr.docurl
http://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000158349_20090325084842
okr.globalpractice
Agriculture
okr.globalpractice
Transport and ICT
okr.googlescholar.linkpresent
yes
okr.identifier.doi
10.1596/1813-9450-4876
okr.identifier.externaldocumentum
000158349_20090325084842
okr.identifier.internaldocumentum
10379797
okr.identifier.report
WPS4876
okr.language.supported
en
okr.pdfurl
http://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2009/03/25/000158349_20090325084842/Rendered/PDF/WPS4876.pdf
en
okr.region.administrative
The World Region
okr.region.administrative
The World Region
okr.region.administrative
Europe and Central Asia
okr.region.administrative
Europe and Central Asia
okr.region.geographical
Europe
okr.region.geographical
Eastern Europe
okr.sector
Agriculture, fishing, and forestry :: General agriculture, fishing and forestry sector
okr.theme
Rural development :: Rural policies and institutions
okr.topic
Agriculture :: Agribusiness
okr.topic
Transport
okr.unit
Development Research Group (DECRG)
okr.volume
1 of 1

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